Investors

Photo credit: Teladoc

By Jonah Comstock August 2, 2018
Teladoc reported a strong second quarter, coming off its acquisition of Advance Medical. The company reported $94.6 million in revenue, with $6.2 million of that coming from Advance. That constitutes 112 percent year-over—year growth for the telemedicine company. The company saw 533,000 total visits in the quarter and 22.5 million paid US members. “We’re now 60 days into the integration of...
By Dave Muoio August 2, 2018
It was a bit of a bumpy start, but it’s beginning to look like Fitbit’s push into the smartwatch market is beginning to bear fruit. While the company is still operating at a loss, yesterday’s Q2 earnings report revealed that the Fitbit’s downward revenue and device sales trend was lessened by the success of its Versa smartwatch, which the company said has outsold all Samsung, Garmin, and Fossil’s...

Photo credit: Vitals.com 

By Laura Lovett August 1, 2018
Less than two months since its last acquisition, WebMD, an Internet Brands company, announced that it was picking up the Vitals Consumer Services Division from Mdx Medical. The division, which is focused on giving consumers online tools to connect to clinicians, is made up of vitals.com and UCompareHealthCare.com. The acquisition will also include the MedHelp tool, which provides a platform for...
By Laura Lovett August 1, 2018
Looking towards growth, MDLive announced this morning that it has closed a $50 million investing round led by Health Velocity Capital with existing investors Cigna Corporation and Health Care Service Corporation. Novo Holdings A/S and Industry Ventures also participated in the round. “As telehealth continues its rapid integration into the healthcare space, this financing has provided us with a...
By Jonah Comstock August 1, 2018
Naked Labs, the San Francisco fitness company working on a turntable scale and smart body-scanning mirror, has raised $14 million in a round led by Founders Fund and has begun shipping its product to pre-order customers, with plans for full availability in Q4. NEA, Lumia Capital, Venture 51, and Seabed VC also contributed to the series A round. “Founders Fund is known for investing in big ideas,...
By Dave Muoio July 31, 2018
San Mateo, California-based health data analytics company Evidation Health announced today that it has raised $30 million in Series C funding. In addition, the company has launched a new platform that marries smartphone, sensor, and medical data together for cohesive insights into patient behaviors and outcomes. Evidation’s latest round was led by new backer SV Health Investors and returning...
By Jonah Comstock July 31, 2018
This story has been updated with some additional information about the layoffs. Wal-Mart has decided to part ways with Castlight Health at the conclusion of its current contract rather than migrate over to Castlight Complete, the company's new platform designed to bring the consumer-facing care navigation tools it rolled out with Anthem Engage out to non-Anthem customers. On the company's second...
DigiSight rebrands as Verana Health, pivots into data science

Verana Health CEO and President Miki Kapoor

By Jonah Comstock July 31, 2018
Tele-ophthalmology company DigiSight — now called Verana Health — has a new name, a new mission, a new CEO, and $30 million dollars in new funding led by Alphabet subsidiary GV (formerly Google Ventures). Additional contributors to the round include Biomatics Capital, Brook Byers (founder of Kleiner, Perkins, Caufield & Byers), GE Ventures, and Lagunita Biosciences, all existing investors. "...
By Dave Muoio July 31, 2018
PatientWisdom, a digital health company specializing in real-world data collection tools, has raised $1 million in Series A funding from new investor OCA Ventures and other existing backers. This brings the company’s total funding to $3.45 million. The company’s software suite is comprised of three products: PatientWisdom, which collects data to improve patient experience and care delivery;...
By Jonah Comstock July 30, 2018
Amsterdam-based skin cancer screening app SkinVision has raised $7.6 million in new funding from existing investors Leo Pharma and PHS Fund, with additional contributions from undisclosed new backers described by the company as "high net worth impact investors." This is the second major funding raise for the company, which launched in 2012 under the name Skin Scan, after a $3.4 million round in...